An unspecified significant portion of that amount was allocated to upgrading the power transmission system and adding new clients, Energo-Pro Varna said in a press release.
ERP North has finished preparing the regional grid for the autumn-winter season, the company added. As part of ensuring the security of power supply, it repaired 475 km of low-voltage networks, installed 2,343 new medium and low-voltage poles and replaced 8,760 medium-voltage insulators.
Energo-Pro Varna, which employs over 2,400 staff, serves some 1.2 million customers in nine regions of northeastern Bulgaria. It also operates as a wholesale electricity trader, with about 30,000 clients across the country, according to its website.
(1 euro = 1.95583 levs)